Tech

Gautam Adani, Asia’s richest man, is bidding for 5G phone broadcasting, preparing to compete with Jio, Airtel, Vi


Billionaire Gautam Adani leading the Adani Group is participating in a 5G wave auction scheduled for later this month, the company said in a statement.

Billionaire Gautam Adani’s conglomerate, Adani Group, is participating in India’s 5G wave auction scheduled for later this month, the company said in a statement on Saturday, as it seeks to boost its presence. its presence in the country’s digital space.

The company, which is looking to build its own digital platform, super app and data center, says it will need the ability to transmit extremely high-quality data without 5G Mạng Network provided. In addition, it will also help establish a private network spanning all of its businesses – from airports to manufacturing companies.

“We are participating in the 5G spectrum auction to provide private network solutions along with network security in airports, ports and logistics, power generation, transmission, distribution and various manufacturing operations,” said Adani group.

The company will enter three private mobile sectors of India operatorsReliance Jio Infocomm Ltd., Bharti Airtel Ltd. and Vodafone idea Ltd. – is expected to bid for the broadcast. Adani, however, will not enter the consumer mobility space, according to the statement.

The telecoms ministry said in rules issued last month, it allows companies to set up their own networks.

With a net worth of nearly $101.5 billion, according to the Bloomberg Billionaires Index, Adani has added about $25 billion to his fortune this year after the shares of his companies surged, making him a become the biggest wealth grower in the world.

Last month, Adani, who is also Asia’s richest person, along with his family, pledged 600 billion rupees ($7.7 billion) to a series of social activities to celebrate his 60th birthday. mine. The donation will be administered by the Adani Foundation and will be targeted towards enhancing healthcare, education and skills development.

The company said if it won the airwaves, it would boost the Adani Foundation’s investments.





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